BATON ROUGE – The deadline for filing 2012 Louisiana Individual Income Tax returns is Wednesday, May 15.
The Louisiana Department of Revenue (LDR) recommends all taxpayers file their returns electronically. Electronic filing methods include commercially-available tax preparation software, and Louisiana File Online, LDR’s free tax filing web application. Through Louisiana File Online you can file a return, make a payment and upload scanned receipts and other supporting documentation. Visit www.revenue.louisiana.gov/fileonline.
The average refund processing time for electronic returns is ten business days. For paper returns it is 12 to 16 weeks.
Taxpayers needing more time to prepare their 2012 individual state income tax returns must submit an extension request by the May 15 filing deadline to avoid late-filing penalties. An extension allows only more time to file a return. It does not allow more time to pay. Visit www.revenue.louisiana.gov/extensions.
The 2013 Atlantic Hurricane Season begins on June 1. Meteorologists predict an active season with 18 named storms, nine hurricanes and four major hurricanes.[i]
“We encourage everyone to get prepared now,” Louisiana Department of Revenue Executive Counsel Tim Barfield said. “This is a chance to save money while helping to keep your family safe and comfortable during and after a hurricane. Don’t wait until there’s a storm coming, or until one has struck.”
The sales tax holiday exempts eligible items from the 4 percent state sales tax. The exemption applies to the first $1,500 of the purchase price of each item.
Eligible purchases include:
Self-powered light sources, such as flashlights and candles
Portable self-powered radios, two-way radios, and weather-band radios
Tarpaulins or other flexible waterproof sheeting
Ground anchor systems, straps or tie-down kits
Gas or diesel fuel tanks
Batteries, sizes AAA, AA, C, D, 6-volt, or 9-volt (Automobile batteries and boat batteries are ineligible)
Cellular phone batteries and chargers
Non-electric food storage coolers
Storm shutter devices (Materials and products manufactured, rated, and marketed specifically for the purposes of preventing window damage from storms)
Carbon monoxide detectors
“Blue Ice” (and similar re-usable cooling products)
The exemption applies only to the 4 percent Louisiana state sales tax. Local taxes apply unless specifically exempted by local taxing authorities.